Friday, July 26, 2013 8:15:36 AM
1. The company has a duty to report material events according to otcmarkets continuous disclosure requirements. The company states there is no business intention in this agreement. The agreement states unless required the terms are not to be disclosed.So there is no requirement to file this document and in fact it is against the spirit of the document to be filed.
2. I have made the point that the fake MBA, and probably fake bachelor degree, claimed by CEO , do not prepare him for basic business understanding. Looking at the agreement, as with all BTDG documents, it is confused. The CEO is signing as an individual, not the company. So why is company filing this document ?
3. It is claimed this is not about money, so why does document explicitly refer to the business intentions of the two parties.
This is absolutely absurd ! This is exactly why this company has no credibility from continued filing of documents such as this.There is nothing inherently wrong if the CEO as an individual wishe to support a good cause, but really it is a misleading document and clearly seeks to benefit the company with good PR- but the company didnt sign the document the CEO did as an indvidual.
The company simply has to do a massive reverse, and concentrate on something CEO has expertise in, something small to generate some cash- and last someone else should do the filings who understands basic business law and disclosure requirements.
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